CBN begins tightening of liquidity with seven to 30-day maturity Forwards sale
Indications have emerged that the combination of foreign exchange (forex) and Treasury Bills (T-Bills) auctions by the Central Bank of Nigeria (CBN) last week, calmed the quantity of money in circulation making investors to scout for naira to pay for…
CBN deepens forex rates convergence drive, crashes BDC rate to N360 to sell at N362 only
All most 24 hours after the Central Bank of Nigeria (CBN) directed Deposit Money Banks (DMBs) in the country to sell foreign exchange obtained from it to retail end-users at not more than N360/$1 for invisibles, the apex bank on…
CBN again, injects $195mn to saturate ease of access at forex market on naira gain
The sustained but momentary recovery of naira at the interbank market received another boost Tuesday as the Central Bank of Nigeria (CBN) released another lump of $195 million. Acting Director of Corporate Communications at the apex bank, Isaac Okorafor, gave…
